Will Vietnam's tourism see a boost soon? Industry insiders are optimistic about future prospects as the Government weighs up a 90-day e-visa to gain a competitive edge as a leading tourism destination.
The quantity of Vietnamese agricultural goods exported to China via border gates in the northern mountainous province of Lao Cai has witnessed a significant upswing this year, surpassing figures from previous years.
Vietnam's banking sector has invested over VND15,000 trillion in digital transformation by the end of 2022, according to the State Bank of Vietnam (SBV).
Vietnam will be the Country of Focus (COF) of the 14th Asian Festival of Children’s Content (AFCC) as this year marks 50 years of diplomatic relations between Vietnam and Singapore.
Firms in supporting industries in Vietnam are in desperate need of high-qualified and skilled workers in addition to solutions regarding capital and raw materials.
Many banks plan to increase their charter capital in 2023 in order to ensure operational safety and have more resources for business development.
Reducing interest rates, maintaining interest subsidies, hiking credit limits, and providing unsecured loans to manufacturing businesses are among the demands made by businesses in the south-eastern region to the State Bank of Vietnam (SBV).
The index of industrial production (IIP) in April was estimated to increase by 3.6% month on month and by 0.5% over the same period last year, according to the General Statistics Office (GSO).
While enterprises are seeking to diversify markets to cope with drops in orders, experts urge attention to be attached to legal risks which might arise from doing international trade in a volatile world.
Banks have been steadily cutting deposit interest rates, which have reached around 8%, a move aimed at reducing lending rates to support businesses.